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Limassol’s Four Seasons: Among the World’s Top 25 Hotels for 2025

by News Editor

May 8, 2025

In an outstanding achievement for Cypriot hospitality, Four Seasons Hotel Limassol has secured a place among the top 25 hotels worldwide for 2025, as per the prestigious Travellers’ Choice Awards by Tripadvisor.

Exceptional Reviews and Guest Experiences

This iconic hotel has claimed the 13th position in Europe and the 21st globally, a testament to its commitment to providing unmatched luxury. Less than 1% of the platform’s 8 million properties receive such high acclaim, highlighting its exceptional guest services and facilities.

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A Legacy of Excellence

As Nick Aristou, the Commercial Director of Muskita Hotels, eloquently puts it, “Our standing among the world’s best is more than just an accolade. It’s a reflection of the trust from our guests.” This focus on quality and innovation resonates with their ongoing mission to surpass expectations consistently.

Continuous Innovation in Hospitality

With a strategic focus on refined offerings and upgraded facilities, Four Seasons Limassol remains a leader in the global hospitality scene, further enhancing the allure of Cyprus as a luxury destination.

€100 Million Approved for 2013 Crisis-Affected Depositors: What’s Next?

by News Editor

June 12, 2025

Recently, the Cyprus cabinet gave the green light to a substantial €100 million allocation aimed at addressing the losses suffered by depositors affected by the 2013 financial crisis. This initiative is part of the 2025 national solidarity fund.

Finance Minister Makis Keravnos announced that the beneficiaries for 2025 include individuals whose deposits and securities experienced an infamous ‘haircut’ due to stabilization measures during the crisis, particularly involving the Bank of Cyprus and Laiki Bank.

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Who Benefits?

The reimbursement scheme allows partial compensation for the impacted individuals, with a maximum uninsured amount of €1,000,000 considered per impairment category. Additionally, the total cumulative reimbursement per person caps at €100,000. The initiative is poised to provide relief to approximately 13,000 people.

The net loss replacement will have a 10% rate for deposits lost at Laiki Bank and different rates for the bonds and deposits at the Bank of Cyprus—a 3.61% rate to be precise.

Path to Compensation

Eligible applicants will need to complete an online application process in June to confirm their entitled compensation amounts. The 2013 fiscal turmoil led larger depositors to shoulder the recapitalization of the Bank of Cyprus, with significant portions of uninsured deposits being converted into shares or wiped out entirely.

While the total verified losses for depositors and bondholders stood at €2 billion back then, this new scheme signifies a critical step towards repairing historical financial disruptions in the country.